Midwest Brake Bond Co.

$500,000 PPP Loan in Warren, Michigan

Loan Details

Loan Number
1851037703
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$500,000
Current Approval
$500,000
Forgiveness Amount
$504,914
Forgiveness Date
Apr 28, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Midwest Brake Bond Co.
Address
26255 Groesbeck Hwy
City
Warren
ZIP Code
48089
Business Type
Corporation
Industry (NAICS)
Manufacturing (336340)
Business Age
Existing or more than 2 years old
Jobs Reported
29
Estimated Revenue
$7.6M
Rural/Urban
Urban
Congressional District
MI-10

Loan Use Breakdown

Payroll
$400,000
Utilities
$26,200
Health Care
$72,000
Mortgage Interest
$1,800

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

Other PPP Loans in Warren, MI

BusinessApproved
De-Cal, Inc.$7,825,765NewBizBotAI Deep Dive
Lecom INC$7,082,800NewBizBotAI Deep Dive
Proper Group International, LLC$6,977,500NewBizBotAI Deep Dive
Angelo Iafrate Construction Company$6,173,412NewBizBotAI Deep Dive
Iroquois Industries Inc.$6,162,890NewBizBotAI Deep Dive

Want to research this company further?

Try NewBizBot free